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Turnkey Venue and Office Space

1440 Moon River Dr Provo, UT 84604

1440 Moon River Dr, Provo, UT, 84604
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For Sale
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Remodeled venue and office space near BYU.

Property Size15,761 SF
Price / SF$253.47
AddedOct 9, 2024
Days on Market644
Last RefreshMay 12 at 9:33 pm

Property Features for 1440 Moon River Dr

General Information

Standard status
Active
Size
15,761 SF
Property subtype
Office, Retail, Special Purpose

Building Details

Year Built
2000

Listing office Core Utah Real Estate

Listing date Oct 9, 2024

Source Crexi

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

All listing content including descriptions, pricing, images are the copyrighted material of Core Utah Real Estate


Investment Insights

Based on property information with market context.

This property, suitable for a corporate headquarters, sales team location, church, or school, features modern finishes and high-quality materials. The 15,761 square-foot building includes offices, conference rooms, and a large open auditorium equipped with high-end audio-visual equipment, which is negotiable. Remodeled from top to bottom in 2018, the property offers approximately 155 potential dedicated parking spaces. The current owner uses the space for events and office purposes, while also renting out the main venue. A new owner could continue generating rental income from the main venue. The layout includes multiple corporate offices, conference room(s), lounge areas, a breakroom, a kitchen for corporate offices, a catering/prep kitchen for events, a large storage/racking/warehouse area, and the main event/ballroom area. The ballroom occupancy is 350, and the total building occupancy is 600. There is one ground-level door in the back. Some audiovisual equipment, catering equipment, and furniture can potentially be included in the sale. The property is in a prime location near BYU.

Key Highlights

  • Prime location near BYU.
  • Large open auditorium/ballroom venue with high‑end audio‑visual equipment (negotiable), offering potential rental income.
  • Perfect corporate headquarters with multiple offices, conference rooms, lounge areas, and breakroom.

Local Financial Insights For Office B

Simulate Cap Rate and NOI

NOI Build-Up
Vacancy
income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
EGI (Effective Gross Income)
gross rent minus vacancy losses — the realistic income before paying operating costs.
OpEx (Operating Expenses)
recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
NOI (Net Operating Income)
income a property generates after operating costs but before financing and taxes.

Component $ $/SF
Gross rent $346.1k $21.96
− Vacancy −$80.3k −$5.09
EGI $265.8k $16.87
− OpEx −$66.5k −$4.22
NOI $199.4k $12.65
15,761 SF · lease $21.96/SF/yr · vacancy 23.20% · expense 25.00%

Alternative Uses

Best Use
Office B
$2.85M
$2.49M – $3.32M (±1% cap)
NOI $199,360 @ 7.0% cap · market cap 4.99%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.35M
$3.80M – $5.07M (±1% cap)
NOI $304,279 @ 7.0% cap · market cap 7.62%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Experience Event Center Hotel & Motel

Suggested Use

Building Supply Grocery & Convenience Store Big Box & Wholesale Store (Bike/Boat/Book/etc) Store Hair Salon Daycare Center HVAC Service Storage Facility Garden Center Electrical Service

Zoning and permitted uses should be independently verified with local authorities.

FAQs

What type of property is this?
Wedding venue - Remodeled venue and office space near BYU.
Where is this wedding venue located?
The property is located at 1440 Moon River Dr Provo, UT.
What is the asking price?
The asking price for this property is $3,995,000.
What are key features of this property?
This property features: Prime location near BYU.; Large open auditorium/ballroom venue with high‑end audio‑visual equipment (negotiable), offering potential rental income.; Perfect corporate headquarters with multiple offices, conference rooms, lounge areas, and breakroom.
Contact an agent
(801) 222-9696 Call to check price and availability
More about this property
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